Here are some "Get's" that will help you prepare for the Medicaid application process. Get going five years before you think you need to. Medicaid has a five-year look back to all your parents' financial dealings. Which means transactions conducted during that time may be counted in determining their program…
If history is a guide, this coming week nearly half of us will make resolutions seeking to improve some facet of our lives, many of which will be focused on personal finance. If one of your goals for the New Year is to get your financial life in order, here…
Wouldn’t knowing someone will step in if you become incapacitated create a little peace of mind? Wouldn’t knowing that your family is taken care of create even more peace of mind? Wouldn’t knowing there is a plan in place – a plan you developed – if something happens to you…
The secret, experts say, is to find a balance between keeping some comforting traditions and letting go of ones that obviously no longer fit. How do you manage the holidays on a retiree budget? If you are a retiree or will be retiring in the coming year or years, then…
Sharron Epperson, who is CNBC’s senior personal finance correspondent, stressed the importance of retirement planning in the coming year — with two products in particular. Need a financial resolution for 2015? Save as much money as you can in a Roth IRA. One of the best things you can do…
“We’re not surprised by the fact that people don’t know a lot about retirement income planning,” says David Littell, program director at the American College. “I was surprised at how badly they did.” Could you pass a retirement literacy test? Apparently, 80 percent of Americans surveyed did not. These Americans…
Although nobody can be forced to participate as a caregiver, there are ways to approach the situation that are more likely to have a positive result. Families encounter many issues when planning care for a loved one. A common issue is the unwillingness of siblings to “step up to the…
"During their careers, their 'acquiring wealth years,' many people live in places that have lots of jobs – and the higher cost of living that goes along with that," Friedman says. "In retirement, many of them want to move to a state where they can enjoy the same or an…
This case has drawn plenty of attention due to its legal and financial implications. Essentially, the case has escalated to the point of a federal judge warning state regulators that she would consider issuing an order to drop Ohio from Medicaid enrollment altogether, leaving the Buckeye State without federal funds to provide medical care for…
Home equity loans can be problematic if not done correctly and require careful attention to the rights of the surviving spouse, if you are married. And of course, the end of the process means you or your heirs give up your home. There are other ways to tap into your…